Divorce and taxes are the important subject of our live event with Pacific Cascade Legal, a premier family law firm in Oregon and Washington. We discuss how divorce impacts joint tax liability, when there might be relief granted for separation of joint liability, and other important tax considerations when navigating divorce from your spouse.
Thank you to Pacific Cascade Legal for sponsoring this recording. Their website is www.pacificcascadelegal.com.
In the podcast, we cover a variety of topics including:
- What are joint tax returns? Who can file them?
- What is the difference between Married Filing Jointly and Married Filing Separately?
- Does Married Filing Jointly create a joint liability?
- What is the significance of joint and several liability for taxes?
- Can I get out of joint liability for taxes?
- Innocent spouse relief for divorce and taxes
- Injured spouse relief
- What to do about taxes if you are a victim?
- Tacit approval of joint tax returns
- Divorce and conflict of interest
Divorce is hard enough without having to worry about taxes too. But taxes are inevitable. And a divorce adds a new layer of complication to tax preparation and tax planning. No one wants to overpay their taxes as the result of a divorce.
We recommend that you work with both a tax attorney and tax advisor when navigating a divorce.
If you are in need of a new CPA firm, feel free to reach out to gary.massey@masseyandcompanyCPA.com. We are based in Atlanta and work with clients nationwide.
Our website is: www.masseyandcompanyCPA.com